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Biggest Movers: XRP, SOL Move 5% Lower to Start the Week

8.5.2023
Xrp plunged to a six-week low on Monday, as cryptocurrency markets moved further into the red. The global crypto market cap fell by over 3% to start the week, which comes days ahead of the upcoming U.S. inflation report. Solana also declined, hitting a multi-week low. XRP Xrp, formerly known...

Bitcoin, Ethereum Technical Analysis: BTC Extends Declines, as Markets Continue to React to Nonfarm Payrolls

8.5.2023
Bitcoin fell below $28,000 to start the week, as markets continued to react to last Friday’s United States nonfarm payrolls (NFP) report. The payrolls report came in at 250,000 versus expectations of 180,000 jobs. Ethereum was also lower, as prices fell back below $1,900. Bitcoin Bitcoin...

Tencent-backed Everledger collapses amid lack of funding: Report

8.5.2023
Everledger was quietly placed into insolvency after it didn't manage to materialize its planned funding round from an undisclosed investor

Ripple's Tussle With SEC to Cost the Firm $200M, CEO Garlinghouse Says: Report

8.5.2023
The U.S. puts politics ahead of policy, Brad Garlinghouse has said at the 2023 Dubai Fintech Summit

Liechtenstein Plans to Accept Bitcoin for Payments to State, Prime Minister Says: Report

8.5.2023
Under the plans, any crypto received will immediately be exchanged for Swiss francs, Prime Minister Daniel Risch told German news publication Handelsblatt

New Report: Despite Crypto Ban, Chinese Citizens Trade on Binance and FTX Exchanges

8.5.2023
Beijing has said 'no' to crypto, but that doesn't seem to affect a number of Chinese citizens who have continued trading digital coins since the ban - reportedly, on exchanges including Binance, FTX, OKX, and Huobi. According to a Bloomberg report, some portion of the country's 1.4 billion...

South Korea Authorities Investigate Lawmaker Over Suspicious Crypto Transfers: Report

8.5.2023
Democratic Party lawmaker Kim Nam-kuk had reportedly co-sponsored a bill seeking to defer taxation on crypto profits

Central Bank’s Gold Purchases Make ‘Record Breaking Start’ in Q1 2023; 228.4 Tonnes Added to World Reserves

8.5.2023
Central banks have continued to consistently purchase gold during the first quarter of 2023, according to the latest report of the World Gold Council (WGC), the global gold statistics organization. Central banks added nearly 230 tonnes of gold to their national reserves, representing a 176% rise...

Binance Reportedly Investigated in US for Russia Sanctions Violations

7.5.2023
Cryptocurrency exchange Binance is facing a U.S. probe over suspected violations of sanctions against Russia, according to a media report. The inquiry is looking into whether the trading platform was used by Russians to circumvent financial restrictions imposed over Moscow’s invasion of Ukraine....

US Justice Department investigating Binance for violating Russian sanctions: Report

6.5.2023
The DOJ’s national security and crime divisions are both looking at the cryptocurrency exchange’s provision of services to Russians, Bloomberg reports

Prosecutor says Do Kwon's extradition to South Korea would best serve Terraform Labs' victims: Report

5.5.2023
The former Terraform Labs CEO could face 40 years in jail in South Korea, the country where he committed most of his crimes, according to local authorities

Report Says Pokémon Go Hit Its Lowest Revenue In 5 Years, But Niantic Denies It

5.5.2023
Pokémon Go finds itself in a new controversy, this time over whether or not is revenue is down. Using data from market research tool AppMagic, Mobilegamer.biz reported that Pokémon Go’s revenue for the month of April was down to $34.7 million, which would be the game’s lowest monthly total since...

New York Attorney General Seeks New Crypto Powers for State Regulators: Report

5.5.2023
The bill follows legal suits taken by Letitia James in connection to crypto companies like Celsius, CoinEx and Nexo

BNP Paribas Will Link Digital Yuan to Bank Accounts for Promoting CBDC Use: Report

5.5.2023
BNP Paribas' corporate clients will be able to connect to China's e-CNY through a connection to the Bank of China's system

Examining global successes and challenges in regulating crypto: Report

4.5.2023
Crypto regulation remains controversial, with different governments taking different approaches, but growing adoption will likely lead to more clarity

Lisbon Leads the Way as the World's Premier Crypto Hub, Outranking New York and Berlin: Report

4.5.2023
Portuguese capital takes the top spot among the world's most important crypto hubs - ahead of New York, Berlin, and Paris, according to a report by European crypto investment firm Greenfield. The company argued that, while there are multiple reports on global crypto development, regional reports...

New Report: SEC Crackdown Might Benefit Crypto Sector in the Long Run – Here's Why

3.5.2023
The ongoing crackdown on crypto companies by the US Securities and Exchange Commission (SEC) could benefit crypto in the long run, according to an editorial by Bloomberg. The reason why the Bloomberg editors see benefits in the crackdown is that it represents an opportunity for crypto to gain...